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In reply to the discussion: Weekend Economists Hit the New Year (and it hits back) Goodbye 2013 / Hello 2014! [View all]xchrom
(108,903 posts)48. GREECE: NUMBERS IMPROVE, PROBLEMS WORSEN IN 2014
http://hosted.ap.org/dynamic/stories/E/EU_GREECE_SOCIAL_ILLS?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2014-01-01-06-09-19
ATHENS, Greece (AP) -- Greece assumes the presidency of the European Union Wednesday, starting 2014 with a promise by the government to pull the country out of a six-year recession, keep a balanced budget, and effectively end a financial crisis that rattled the euro.
"In 2014, Greece will return to the markets and start to become a normal country again," Prime Minister Antonis Samaras said in a televised New Year's address. "After six unending, painful years, 2014 will herald the prospect of growth ... What's important is that we've avoided the worst."
But have they?
With most of the 240 billion euros ($330 billion) in bailout loans already paid out, Greece still has an unsustainably high national debt, faces the threat of renewed political instability, and has more than one-in-four jobless and steadily sliding into poverty.
ATHENS, Greece (AP) -- Greece assumes the presidency of the European Union Wednesday, starting 2014 with a promise by the government to pull the country out of a six-year recession, keep a balanced budget, and effectively end a financial crisis that rattled the euro.
"In 2014, Greece will return to the markets and start to become a normal country again," Prime Minister Antonis Samaras said in a televised New Year's address. "After six unending, painful years, 2014 will herald the prospect of growth ... What's important is that we've avoided the worst."
But have they?
With most of the 240 billion euros ($330 billion) in bailout loans already paid out, Greece still has an unsustainably high national debt, faces the threat of renewed political instability, and has more than one-in-four jobless and steadily sliding into poverty.
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